The Only Pain That Marijuana Will Give You

The Only Pain That Marijuana Will Give You

It’s been a while since I’ve talked about the marijuana market.

If you’re unfamiliar with the idea of investing in marijuana, don’t worry, you’re not alone.

Most people don’t know that it is perfectly legal to invest in marijuana companies. There are over 200 publicly listed cannabis companies currently being traded on several different exchanges throughout the world.

Just like buying stocks in Apple or Nike, you can buys stocks of marijuana companies. Just login to your brokerage account and with a couple clicks, you can purchase a share of a cannabis company.

If you’re a bit skeptical, let me give you some numbers of several cannabis stocks I recommended several months ago.

“The Medicines & Healthcare products Regulatory Agency (MHRA) classified CBD as a medicine in the U.K. on Tuesday. Department officials, who based the decision on claims that the ingredient has been beneficial in treating serious diseases, were hoping that legalizing CBD for medical use will lead to more research on the effects of the drug.”

To put that into perspective, you must understand that California is the worlds largest producer of many crops - and cannabis dwarfed them.

People’s lives are changing too. Because of changes in laws, US states are releasing non-violent prisoners who were jailed for marijuana possession. Vermont just pardoned 200 people.

And others are benefitting to, like our animals. “Pet owners turn to hemp or medical marijuana for many of the same things humans take it for these days including cancer symptoms, pain, inflammation, seizures, nausea, anxiety, chronic skin allergies and loss of appetite.”

If you know how big the pet industry is (think Petco, Petsmart, and all the different animal food brands), then you know there is big money to be made in this area.

While this all sounds exciting, marijuana is still technically illegal by US federal standards. But there seems to be too much momentum to stop this cannabis movement.

Marijuana would provide a huge tax revenue source for the government, and it would also help some legitimate issues like treating cancer patients, pediatric epilepsy and PTSD.

“During a meeting with President-elect Trump’s transition team last week, leaders of the American Legion urged the incoming administration to reschedule cannabis for the benefit of the nation’s soldiers.”

So, we can clearly see that there is a lot of positive movement going on in this space. However, don’t get blinded by the idea of getting rich from cannabis investing. There is still a ton of risk.

Many publicly listed cannabis companies are nothing more than a scam. They are companies specifically built to go public and then crash later down the road, all while allowing the company executives to walk away with a hefty profit.

That said, I still believe in the two companies I originally recommended, $MJNA and $KSHB.

These two will still see a lot of volatility and are not completely safe, however I believe that $MJNA is a buy anytime it dips below 12 cents and $KSHB is a buy anytime it dips below $3.

Disclosure: Cody owns 100,000 shares of $MJNA bought at an average price of $.03 and 5,000 shares of $KSHB bought at an average price of $2.